Seeking Alpha

PTC acquires Internet of Things platform creator ThingWorx

  • PTC (PTC +0.6%) acquires Internet of Things platform creator ThingWorx for $112M and a potential earn-out of $18M.
  • The acquisition is expected to add more than $10M in revenue in the coming 12 months, with $5M-$7M recognized in FY2014. FY2014 EPS guidance of $2-$2.10 is unchanged.
  • PR, conference call at 8:30am ET tomorrow
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